{"id":7690,"date":"2019-11-29T09:36:11","date_gmt":"2019-11-29T07:36:11","guid":{"rendered":"https:\/\/www.altum.lv\/jsc-development-finance-institution-altum-unaudited-interim-condensed-report-for-the-nine-month-period-ended-30-september-2019\/"},"modified":"2022-05-19T10:30:39","modified_gmt":"2022-05-19T08:30:39","slug":"jsc-development-finance-institution-altum-unaudited-interim-condensed-report-for-the-nine-month-period-ended-30-september-2019","status":"publish","type":"post","link":"https:\/\/www.altum.lv\/en\/jsc-development-finance-institution-altum-unaudited-interim-condensed-report-for-the-nine-month-period-ended-30-september-2019\/","title":{"rendered":"JSC Development Finance Institution Altum unaudited interim condensed report for the nine-month period ended 30 September 2019"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7690\" class=\"elementor elementor-7690 elementor-4267\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section altum__default elementor-element elementor-element-b4be3d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4be3d8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cc4f118\" data-id=\"cc4f118\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e73fb33 elementor-widget elementor-widget-text-editor\" data-id=\"e73fb33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"news-opening__intro\"><p>JSC Development Finance Institution Altum Group\u2019s (hereinafter \u2013 Altum Group) outstanding financial instruments portfolio (gross) is of 588 million euros as at 30 September 2019, comprised by 21,403 contracts, including:<\/p><\/div><div class=\"news-opening__img\">\u00a0<\/div><div><ul><li>guarantees portfolio of 283 million euros, the total number of contracts 14,832;<\/li><li>loan portfolio of 240 million euros, the total number of contracts 6,342;<\/li><li>investments in venture capital funds for the total amount of 66 million euros, the total number of projects financed by funds \u2013 229.<\/li><\/ul><p>\u00a0<\/p><p>Since the beginning of the year, Altum Group\u2019s financial instruments portfolio has grown by 14.5% (75 million euros) in terms of volume and by 17.1% (3,123 projects) in terms of the number of projects. Among financial instruments, the fastest growth is seen in the guarantees portfolio, which has grown by 19.3% (46 million euros) in terms of volume and by 24.4% in terms of the number of projects.<\/p><p><br \/><br \/>In 9 months of 2019 Altum Group has operated at 6.98 million euros profit.<\/p><p>\u00a0<\/p><h3>Reinis B\u0113rzi\u0146\u0161, CEO of ALTUM:<\/h3><p>\u00a0<\/p><p>\u201cThis year within a nine month period the volume of the financial instrument portfolio has increased in all segments reaching the largest volume of new transactions in SMEs and Mid-cap segment. During recent years we have significantly improved the range of the financial instruments in this segment including the focusing on financing the small and medium-sized enterprises in the regions. The loan programme funded by resources attracted by green bonds for improving the energy efficiency of enterprises as well as the small loan programme for rural areas that is a growing and perspective segment should be highlighted. An ambitious development of the product range and a continuous improvement of the efficiency of an enterprise has resulted in an increase of the financial instrument portfolio from EUR 350 million to almost EUR 600 million during less than 5 years as well as it has helped to gain a good financial result during the reporting period.\u201d<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>JSC Development Finance Institution Altum Group\u2019s (hereinafter \u2013 Altum Group) outstanding financial instruments portfolio (gross) is of 588 million euros as at 30 September 2019, comprised by 21,403 contracts, including: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4269,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-7690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - 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